Bitcoin
Short

☑️BTCUSD: lower and lower

By TradePlus-Fx
Updated
➡️ CoinShares published a report on financial flows in crypto on June 27th. This report demonstrates a record outflow of investments from cryptocurrency. According to the report, the outflow for Bitcoin amounted to -423$ million.

It makes no sense to talk a lot and prove the current difficult economic situation; it has already become a habit to observe such anti-records like in the report from CoinShares. Technical and fundamental analysis indicates only a downtrend and its development in the near future. The main thing to understand is that if the real economy, the foundation of the markets (US30, S&P500 , etc.) falls, then the cryptocurrency will suffer doubly. There is a global removal of large players from the market, who entered the market with leverage. It is likely that there will be a hike to $10,000 and beyond, already when they will shout at full speed that the recession has begun (although it has already begun), then the coin will slide even lower than $ 10,000. It makes sense to buy only below $10,000 and the lower the better.

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👍Thanks for your comments and likes👍

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Bitcoin (Cryptocurrency)BTCUSDcryptoCryptocurrencycryptotradingETHUSDForexFundamental AnalysisTechnical IndicatorstradingTrend Analysis
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